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>There is no easy answer to this question. I think that the best thing we can do is to be vigilant about sharing information and only trusting sources that we know are reliable. Additionally, it is important to have discussions about stocks and investment strategies in order to learn from each other and make sure that everyone is on the same page.

Hard agree. Good bot.

Only listen to whoever is holding the truth-stick.

Lol they did it to themselves. They even keep buying more. You cant help them

you don't belong here.

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Get-rich-fast is not a new phenomenon /thread

I strongly disagree.

To say there’s no preventative measures possible— is like saying you’re too lazy, or too entitled, to try and think about others.

It’s clear that some people don’t care about the affect this sub has had on people’s lives. But I think it’s worth talking about; maybe someone has an idea. Which is why I made this post.

Someone’s projecting lol

Absolutely, so why doesn’t this sub have better resources to prevent people from chasing bags?

Choosing to put their life savings in a dying company because they think they’re sticking it to the man is a new one— and it’s so deluded that it feels like a failure of reasonable people on this sub

Marginalization only makes it worse.

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Yeah, we treat people badly in this sub and even marginalize people for trying to come up with solutions.

The names on the sub. Bets. You think this is a financial sub? I guess Vegas is for the rich with only successful people. It's a casino.

If you can’t take the heat stay the fuck out the kitchen bro

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Sir this is a subreddit.

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I think the grand wizard of the KKK was the last one seen with the stick of truth

you're watching the wrong part of WSB

check the daily thread, DD and chart section

Reality is that this is the place for the people who want high risk high reward type trades. That probably selfselects for the kinds of people who goes all in whenever theres any hype about anything (and those of us with popcorn to eat).

This is a casino, don't tell the gamblers to play it safe.

I swear you're not a cat!

One thing I've noticed about wallstreetbets is that when you come here everyone understands beyond doubt that you can lose everything you invest.

That is the neat part.. you can't. There is always going to be a % of the population that jumps into something. Just look at the evolution of things over the decades.

How am I supposed to eat? I'm the leader of at least 14 cults right now

edited* While typing this I found out that I was the leader of a few more at least 3 cults.

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There’s a lot of evidence that some people think they’re getting into a “sure thing” bobbys.

Which points at a larger social problem with the way the sub talks about companies and investments

Lazy answer. We can absolutely improve online practices and minimize loss at WSB by taking preventative measures. (Such as providing better financial education resources).

The guy screaming about his carvana puts on the front page is obvious evidence of this.

Only person responsible for their financial decisions are they themselves. Lots of people chased after a supposed "get rich quick scheme" they thought they needed to put no effort into. Just buy shares and you'll be rich. Any amount of criticism or counter evidence was taken as a personal attack against their ego and now has turned into a toxic sunken cost fallacy that has them looking at every aspect of everything as a conspiracy by the wealthy to keep them poor.

It's why over the course of two years anyone with any amount of logic based objective indifference to the stock has seen every non zealot thrown out of the echo chamber. When it first started all information was accepted. Now if you think anything other than the squeeze is 100% guaranteed you're thrown out. You think this one thing that has a real life example of happening(drs) will be the final cause of you becoming super duper multibillionaires then google Robert Smith global links. You think a company that burned through 1.5 billion in share buybacks and immediately needed loans to pay bills is a successful company I got some towels to sell you.

I thought it was a Wendy's

This is /r/wallstreetbets, not /r/investing. There is a reason people choose here instead of there.

Gamble you mean

If people wanna keep giving their money to citadel that’s on them. 16bn in profits speaks volumes. Like taking candy from a baby

Edit: I’m talking about meme stocks specifically

There are always people in the comments warning about risks the fact that people ignore obvious red flags makes it kinda on them you know.

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OP you only post about the shit towel company. Honestly, like any stock if you bought at the right time or bought the dip you would of been fine.

>So many ruined lives, families, marriages, bank accounts.

Just like a true casino.

dam str8

Wait until bobby declares bk this week. That shit is gonna move into JFK is about to appear in Dallas territory.

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Lose I mean

It’s something innate in humans. They’re no different from any other cargo cult.

Also, don’t take this the wrong way, because you seem nice. But I couldn’t give a fuck if cults get made in the wake of trading, I don’t want to do any healthily or protect anyone.

This is the fucking thunder-dome. The wasteland. An AIDs ridden orgy. The last days of Rome. The barbarians are at the gate and you need to pick up whatever you can find and start beating people to death.

I thought is was a casino

Your argument is that you can’t make someone learn. And that’s true, but maybe there could be better community guidelines or resources for investors on this sub~

To avoid those comments being missed, maybe there should be a rule against spreading misinformation? Or a ban rule about posting misleading content? — u/OPINION_IS_UNPOPULAR — what’s your take?

it’s feels like something should be done to control misleading content—

More success stories and better communication on the forum would boost everyone’s gains.

Nope. It’s just that why would I care if they do? I invest frequently in Tesla who use slaves to mine cobalt from the ground in dangerous conditions. Why would I care about the mental health of people who are competing with me?

I still feel there’s a conversation to be had about posting misleading content. Surely something about the pump and dump guidelines.

Phew thanks for pointing yourself out as an asshole so I can block you.

How heavy are your bags?

I don’t got none, current positions: dole 2,250 ko 300 SPY 100 - only shares sry boring af

There already is one and we ban a ton of people for it every day, still, we don't catch everyone, sometimes we're wrong, and sometimes the cult is just too strong and refuses to listen to reason

It is actually not allowed, it's below the market cap threshold

That’s fair, will edit to remove mention of it.

Appreciate you for doing mod duties then. Must be a lot of that, I didn’t know about the rule, thanks for letting me know. I believe your take is pretty well informed and puts most of my questions to rest. Again thanks for taking the time.